I have read the transcript of the World Motor Sport Council about the spy case between Ferrari and McLaren (link to the document). It is a very interesting document because it give you an insight in the way the Formula 1 business is run which you normally do not see.
The statement gives you a nice insight on how all teams look at each other what everybody is doing, how they can copy successful designs and learn why some teams are more successful than others. It also gives you an insight view on the engineering side of the business and how that process is being run and how close that engineering community is.
As far as the spy issue. Judging from the evidence presented in the hearing I can only conclude that there is no factual evidence that McLaren has used data and / or designs from Ferrari in the design of their car.
What is disturbing in the ruling is that the McLaren 2008 car has to be checked for Ferrari design components but that the council has no indicated when this is going to be done en when. So in theory McLaren could be refused to participate in the 2008 competition one day before the start of the first race.
As I wrote in an earlier blog entry, I find this an internal HR problem of Ferrari which they have mishandled and which completely went out of control. Ferrari accusing McLaren of spying is completely misplaced.